Ricoh India Ties Up With Siemens

Imaging solutions and IT services company Ricoh India said it has partnered with Siemens to offer digital lifecycle management software.

The NX software and Teamcenter will be distributed through Ricoh India’s network of 24 offices, the company said in a statement.

“We have recently partnered with Siemens to offer NX software & Teamcenter, which will further strengthen Ricoh’s position as a one-stop solution provider. In addition, with this partnership, we want to make innovation accessible to manufacturing sector across India and support the ‘Make in India’ initiative,” said Manoj Kumar, managing director and CEO, Ricoh India.

He added that Tamil Naidu is an “extremely important” market for Ricoh as it plays a significant role in the overall growth strategy for the company.

“We are upbeat about the growth of this state and will be aiming for Rs 200 crore business from the state. Ricoh has been growing at a rapid rate of over 50% CAGR for last four years in a row. We are optimistic that we will see the same growth in 2016,” he said.

Headquartered in Tokyo, Ricoh Group operates in about 200 countries and regions.

Majority of the company’s revenue comes from products, solutions and services. The company also produces digital cameras and specialised industrial products.